The merger of the $70 million State Central Credit Union of West Allis, Wis. into the $1.5 billion Summit CU is now nearly complete but State Central members won an extra bonus last month recognizing their loyalty-a $5.2 million dividend.
The stipend also recognized State Central's high performance record with 20% capital.
The distribution, deemed one of the largest in the state and part of the original February merger deal, came on June 30 at the close of the consolidation with Madison-based Summit.
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